The U.S. SEC is considering ProShares' application for an Ethereum spot ETF
PANews reported on June 11th, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) stated in a document on June 10th that the New York Stock Exchange (NYSE) Arca has proposed a rule change to allow it to list and trade ProShares Ethereum ETF stocks. The SEC said it will seek public comments on this ETF application within 21 days after its publication in the Federal Register, and the SEC will have 45 days to approve, reject or extend its decision. According to previous news, ProShares submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) last week, planning to list and trade Ethereum spot ETFs on the New York Stock Exchange (NYSE). On May 23rd, the SEC officially approved Form 19b-4 of Ethereum spot ETFs submitted by eight asset management companies. However, they will not start trading on US exchanges before the SEC approves their S-1 registration statements.
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